Updated Oct 28, 2024
Chestnut Holdings Acquires Multifamily Property In Fordham, Bronx For $4.4M
2415 Creston Avenue, The Bronx, New York 10468, United States
$4,400,000
$161/SF
Building Size
27,232 SF
Asset Type
MultiFamily
Closing
Apr 6, 2022
About this deal
AI
A multifamily property located at 2415 Creston Ave. in Fordham, Bronx was recently sold for $4,400,000. The property consists of 32 units with an average price per unit of $137,500. The total square footage of the property is 27,200, resulting in a price per square foot of $161. The sale took place on April 7, 2022.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $4,400,000
- Address: 2415 Creston Ave., Fordham, Bronx
- Market: Fordham, Bronx
- Buyer: Chestnut Holdings - Ardon Wiener
- Broker: Ron Cohen - Besen Partners
The buyer, Chestnut Holdings represented by Ardon Wiener and brokered by Ron Cohen of Besen Partners, acquired this multifamily property in Fordham. The transaction involved a total of 32 units, with an average price per unit of $137,500. The property spans across 27,200 square feet, offering a price per square foot of $161. The sale was concluded on April 7, 2022.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.61%
Cash-on-Cash
-1.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93